Sentences with phrase «state gambling revenues»

Moody's Investors Service says New York state gambling revenues have increased 30 percent in the last year.

Not exact matches

The sprouting of these islands of legality, observers predict, will spur other states to open up their cannabis markets lest they lose out on revenue and tourism, much as the casino gambling pioneered in Las Vegas became ubiquitous across the continent.

We decided to look at the states with the most revenue from commercial gambling in 2012.

The states of Nevada and Mississippi still take in substantial revenue from taxes on other forms of gambling.

The great majority of the 183 tribes that have gambling facilities (in 28 states) bring in revenues of less than $ 1.5 million yearly.

Because of the state government's interest in increasing gambling revenues, there is little concern for rehabilitating those addicted to gambling, and the churches offer little help to these victims.

Whatever the number, it appears that their hardship does not outweigh the $ 800 million in revenue the state generates each year from gambling.

He denies that such an agency would prove a political hot potato in a state which depends so heavily on gambling for its revenues.

Proposals to allow Internet poker in New York is dividing the gambling industry, with some companies predicting increased revenue for state government while others warn it would threaten existing gambling facilities.

Opponents of gambling expansion in the state pushed back Thursday, saying such a move is about generating revenue so lawmakers can avoid raising taxes.

Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.

Local mayors and county executives across the state, including Albany Mayor Jerry Jennings, say they back the amendment because host communities will receive millions of dollars in revenue from the gambling centers for tax relief.

Video lottery facilities like Vernon Downs pay 10 percent of their pre-tax gambling revenue to the state Gaming Commission to cover administrative costs.

The casino legislation offers new details, like the rates of taxation for the gambling centers, which would be set at 25 % of profits, and lays out how the revenues would be distributed to state and local governments.

The City of Niagara Falls is set to receive a lump sum of $ 89 million after the settlement of a long - standing dispute between New York state and the Seneca Nation over gambling revenues.

Picente says Oneida County has worked very closely with the state to try to improve its local economy, including reaching last year's settlement with the Oneida Indian Nation which brings casino gambling revenue to the county.

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

Gambling proponents typically overstate the amount of revenue that lotteries and casinos will generate for state treasuries.

With the Legislature considering bills to legalize online daily fantasy sports sites like FanDuel and DraftKings, some lawmakers and advocates say any revenue for the state should go toward education, as has been traditional for gambling - generated cash in New York.

At a time when state taxes from traditional gambling like lotteries and casinos are flat or declining, a majority of states are now seeking to regulate — and possibly raise revenue from — daily fantasy sports sites.

Nationally, revenue from gambling for states was largely flat, increasing by 0.6 percent between 2013 and 2014.

A portion of the revenue generated by casino gaming is required by law to be directed to problem gambling, but Shafer believes both the state and casino companies have little interest in helping those with additions.

Cuomo said in his State of the State address last week that he wants to expand casino gambling in New York, both as a revenue raiser and a job - creation vehicle.

Despite a rapid expansion of state - sanctioned gambling in recent years, revenue has been relatively weak, a report from the Rockefeller Institute of Government found.

The report, released on Monday, found gambling revenue in 2014 weakened overall in states that have casinos, lotteries or pari - mutuel wagering.

The Senecas haven't made any revenue sharing payments to either the state or their host cities since 2009, rguing that the state violated the compact by allowing casino - style gambling at Hamburg and Batavia.

A new report shows the opening of three new casinos in Upstate New York last year has sharply increased the state's gaming revenue, but it hasn't necessarily meant great things for the already existing businesses in the gambling industry.

Cuomo is pressing for major changes to the state's charitable gambling laws to help the charitable groups reverse the slump in revenues that has eaten into their support of local activities due to expanded lottery and commercial gaming.

The state will increase its share of revenue from video gambling machines and will allow a number of casinos to stay open later.

It provided the Oneidas with a monopoly on casino gambling in a 10 - county region in exchange for them sharing each year for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 counties.

A 2013 settlement with the Oneida Indian Nation of New York provided that the Oneidas would get a monopoly on casino gambling in a 10 - county region in exchange for them sharing for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 counties.

Daily net revenue for OTB averaged $ 881 per machine, the highest among New York State's 11 video gambling sites.

Turning Stone would be granted exclusive rights to Las Vegas - style gambling in Central New York, but the Oneidas would have to give a share of their slot machine revenues to the state.

The governor's office and state Gaming Commission are downplaying any concerns, pointing out the state's overall gambling revenue has increased with the new casinos - and that it's too early to make judgements on how new venues will perform.

New casinos will encourage problem gamblers To the Editor: Many people who favor expanding casino gambling in our state seem to overlook that problem gamblers provide about 50 percent of casino revenues.

Slot revenue has declined in recent years from over $ 400 million amid intensifying competition from casino gambling in nearby states.

«Cuomo wants tax cuts for his wealthy contributors, so he pushes gambling instead to raise needed state revenues.»

The 30 - year bond will be paid back using gambling revenue earmarked for Onondaga County, stemming from a deal between the state and the Oneida Indian Nation.

That fee would be applied toward a 15 percent tax on the online gambling revenues that the casinos would owe the state.

With legislative support for casino expansion uncertain, the General Assembly's finance committee will dig into revenue implications for the state in the third gambling expansion bill to be considered by state lawmakers this session.

A number of gambling operations in New York and neighboring states has reported lower revenues since the vote amid the harsh winter.

The Oneidas are expected to pay $ 50 million a year to the state from gambling revenues at Turning Stone casino in return for a casino monopoly in a 10 - county area.

Northeast states are increasingly looking to gambling as a means of budget relief and a source of tax revenue.

To raise state revenues without increasing traditional taxes, Cuomo is expected to continue to push for a constitutional amendment to expand gambling in New York to up to seven new non-Indian run casinos.

Some legislators are concerned that the allure of money - both revenue for the state and campaign contributions from major gambling interests - has effectively killed any debate about the impact of gambling on New Yorkers, especially as the state just recently allowed the construction of a number of casinos.

Las Vegas is the gambling capital of the US, with state gambling taxes accounting for over one third of general fund tax revenues.

Fees and taxes from casinos and other gambling - related enterprises make up a majority of the state's revenue sources.